Sterlington Commercial Complex and Townhomes

Retail-Commercial for Sale
Also listed as Multi-Family, Shopping Center
Catylist Listing ID: 30826173
Property Subtypes: Convenience Store, Mixed Use, Street Retail, Other
Building Size (RSF): 10,850 SF
Gross Building Area: 14,450 SF
Gross Land Area: 0.53 Acres
Sale Price: $1,500,000
Unit Price: $138.25 PSF
Has Drive-Thru? Yes
Property Use Type: Investment
Building Name: Sterlington Commercial Complex
Sale Terms: Cash to Seller
Cap Rate: 7.02%
Average Occupancy Rate: 100
Last Updated: 2/2/2023

Overview / Comments

Sterlington is a mixed-use income producing property consisting of a retail and office strip complex in the SE portion of Sterlington, Louisiana. The site has an estimated 0.5317 acres and an estimated 105.59' of frontage off a major thoroughfare, Highway 165. The buildings consist of 4 office/retail units and 4 apartments with attached garages.

Sterlington is a major traffic carrier from Southern Ouachita Parish thru Monroe north of Bastrop and continuing on the Southern Arkansas border and south to Alexandria, Louisiana. It runs north from Interstate 20. The tract is located in an area dominated by mixed-use properties, including retail, restaurants, light commercial, offices, schools, and bank sites along major thoroughfares.

Attachments & Media

Additional Details

Nearest MSA: Monroe
County: Ouachita
Tax ID/APN: 110712
Retail Clientele: General, Family, Business, Traveler, Recreation
Property Visibility: Excellent
Largest Nearby Street: Highway 165
Feet of Frontage: 106
Traffic/Vehicle Count: 18,000
Highway Access: The site has an estimated 0.5317 acres and an estimated 105.59' of frontage off a major thoroughfare, Highway 165.
Airports: Monroe Regional Airport
Site Description: Sterlington is a mixed-use income producing property consisting of a retail and office strip complex in the SE portion of Sterlington, Louisiana. The site has an estimated 0.5317 acres and an estimated 105.59' of frontage off a major thoroughfare, Highway 165 and extends ENE an estimated 248.85' +/- and 214.84' +/-. The site is typical for the area and could be sold for various enterprises. The buildings consist of 4 office/retail units and 4 apartments with attached garages.
Area Description: Sterlington is a major traffic carrier from Southern Ouachita Parish thru Monroe north of Bastrop and continuing on the Southern Arkansas border and south to Alexandria, Louisiana. It runs north from Interstate 20. The tract is located in an area dominated by mixed-use properties, including retail, restaurants, light commercial, offices, schools, and bank sites along major thoroughfares. Residential areas are located on the side streets. Sterlington Complex is located within the Monroe/West Monroe MSMA. The Ruston/Grambling area is located to the west.
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Number of Stories: 2
Property Condition: Excellent
Year Built: 2019
Year Renovated: 2021
Total Parking Spaces: 29
Parking Ratio: 2.1 (per 1000 SF)
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Interior Description: The interior construction includes a combination of stained concrete, tile floors, wood floors, and commercial grade carpet. Unit amenities consist of: Wood, Tile, and Stained Concrete Floors Granite Countertops 8-10' Ceiling Heights Stainless Steel Appliances Recessed Lighting
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,826 8,262
Median Age: 36.79 37.82
Households: 2,049 3,036

Contact

Photograph of Listing Agent

Travis A Thornton

Beau Box Commercial Real Estate Baton Rouge, LA 70808
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.